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Markets Right Now: Stock rise ahead of US-China meeting

FILE- In this Nov. 20, 2018, file photo pedestrians walk past the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Nov. 30 (AP Photo/Mary Altaffer, File)

NEW YORK (AP) — The latest on developments in financial markets (all times local):

4 p.m.

Stocks shook off a shaky start and ended higher as investors wait for President Donald Trump and President Xi Jinping of China to meet and discuss trade.

Tech and health care companies rose the most Friday.

The price of oil briefly dropped under $50 a barrel for the first time since October 2017. Crude oil prices dropped 22 percent in November, their worst month in a decade.

Marriott sank 5.6 percent after disclosing a massive data breach.

The S&P 500 index edged up 22 points, or 0.8 percent, to 2,760.

The Dow Jones Industrial Average climbed 199 points, or 0.8 percent, to 25,538. The Nasdaq composite rose 57 points, or 0.8 percent, to 7,330.

Bond prices rose. The yield on the 10-year Treasury fell to 3 percent.

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11:45 a.m.

Stocks are little changed on Wall Street ahead of a highly anticipating meeting between President Donald Trump and President Xi Jinping of China on trade.

The price of oil briefly dropped under $50 a barrel Friday but later recovered and was up slightly.

GameStop plunged 6.5 percent after issuing a weak forecast, and Marriott dropped 5.4 percent after disclosing a massive data breach.

The S&P 500 index edged up 5 points, or 0.2 percent, to 2,743.

The Dow Jones Industrial Average lost 16 points, less than 0.1 percent, to 25,323. The Nasdaq composite rose 23 points, or 0.3 percent, to 7,296.

Bond prices rose. The yield on the 10-year Treasury fell to 3.02 percent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as energy companies slide along with the price of crude oil.

ConocoPhillips sank 1.2 percent in early trading Friday.

Video game seller GameStop plunged 11.8 percent after issuing a weak forecast.

Marriott International dropped 5.6 percent after disclosing a massive data breach.

The S&P 500 index fell less than 1 point to 2,736.

The Dow Jones Industrial Average lost 40 points, or 0.2 percent, to 25,295. The Nasdaq composite fell 7 points, or 0.1 percent, to 7,266.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.01 percent.

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